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Moroccan economy shows signs of growth
Moroccan economy in 2026 is headed toward strong growth of 4.8%, driven by an exceptional rebound in the agricultural sector and sustained strong domestic demand. The agricultural sector is expected to see a 19.1% increase in added value, though it will experience a decline of 6.8% in 2027 due to decreased production and a return to the average levels of cereal crops. Nevertheless, non-agricultural activities will continue to expand gradually, with the industrial and services sectors growing between 3% and 4.2%. However, the external balance will face pressures from rising imports growing faster than exports, leading to an increase in the trade deficit from 20.5% to 21.9% of GDP in 2026. Dependence on tourism remittances and migrant transfers is expected to continue to help mitigate the worsening deficit. Economic growth is projected to slow down with a decline in external activity, while inflation remains stable at 1.9% in 2026 and 1.5% in 2027, assuming ongoing investments and the successful implementation of major projects. The economy remains susceptible to external macroeconomic conditions, particularly in European markets.
Notice: This Is an AI-Generated Summary
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